Thanks you for your reply's, good advice. I have contacted KEF customer service and while they have been very responsive they have no idea of what the problem could be. They also stated that warranty is not transferable, which is fine and offered to evaluate the speakers for a $75 charge but I'm still trying understand the issue before I decide what to do.
I do have another iMac in the house too and had put the speakers on it for about two hours and I did not have any issue arise. When I put the speakers back on my iMac they worked for about four hours and then when the computer was idling (meaning I was not on the web or playing any music) I heard "that static sound" from the speakers. This sound is randomly occurring for like a second or two and triggers the KEFs to shutdown. Within 10 seconds of hearing that sound (which at this point seemed not to be caused by anything obvious) the light on the KEF's goes to bright green for a second and then changes to the blinking red. This seems like a computer problem, but what bothers me is that when the speakers go off it takes at least 2-3 hours or more for the speakers to recover even if disconnected from the computer. This event happens everyday I use the computer and the KEF speakers, if I use another set of speakers or headphones I do not get that (one or two second) random static sound.
The issue that boggles my mind is that I have had this iMac for over 5 years and have never heard "that static sound" with the internal speakers, headphones or the M-Audio powered speakers, only with the KEFs does this happen. The main difference for the KEFs is that they are connected to the computer through the USB port, maybe I should use them by just connecting with the headphone output but I lose fidelity with that set up and I want them to work with the USB port. I have endlessly searched Google for anyone having anything similar and have come up with very few similar scenarios, and I have tried all of the recommendations with computer settings but to no avail.
Still looking for any advice...I'm at wit's end.
Tom